New Rapid Analytic Tool Transforms Patient Care
Oliver Wyman November 10, 2023
How rapid analysis and data science can generate insights
The transportation, shipping, retail, and finance industries have made strides in the digital transformation of today’s world, with many of their innovations paving the way for deriving data-driven strategies using big data tools. However, healthcare has been slow to adapt. Challenges unique to the healthcare industry make real-time data-driven strategies difficult to execute. Some of the problems with its data and processes include a lack of robust standardization, classification, and coordination, as well as its need for significant and highly specialized domain knowledge. It is also difficult to get both clinical and administrative data in a timely way. Payment policies are notoriously difficult to understand. Finally, there are...